Topic: United Kingdom

Economic crisis takes toll on Britain's bankers

The pressure on London bankers to get to grips with the global financial crisis has led to stress, depression and insomnia among City workers, affecting even the most experienced bosses.The phenomenon was brought to light when the chief executive of Lloyds Banking ...
More than two-thirds of business leaders in Britain believe the eurozone debt crisis will be the biggest challenge facing the country's economy next year, an opinion poll showed Sunday.Seventy percent of business chiefs believe the euro crisis is "the biggest single factor ...

Global factories lose steam

SINGAPORE/WASHINGTON (Reuters) - Global factory activity slowed in October on weak demand for exports, with a sharp contraction in Britain's manufacturing sector suggesting that Europe was on the brink of a new recession.While manufacturing surveys on Tuesday from North America to debt ...

Britain can get through tough times: Cameron

Prime Minister David Cameron sought Wednesday to lift Britons from the economic doldrums, urging them to show a "can-do" attitude and help make the country great again.In an upbeat and patriotic speech to his Conservative Party conference, Cameron said he understood that ...

UK economy grinds to virtual halt

Britain's economy slowed to a trickle in the second quarter and the country's last recession was much deeper than thought, official data showed on Wednesday, piling pressure on the government.British gross domestic product (GDP) -- the value of all services and goods ...

British economy almost grinds to a halt

Britain's economy almost ground to a halt in the second quarter slowed by weak consumer spending and industrial output, revised data showed on Wednesday.Gross domestic product (GDP) -- the combined value of all services and goods produced in the economy -- grew ...

Plunging PMIs fuel recession fears

LONDON (Reuters) - Private sector business activity shrank in the euro zone for the first time in two years last month as new orders dried up, stoking fears that the economy could be heading back into recession, surveys showed on Wednesday.A downturn ...

35,000 protest at Tory conference

Unions organised a rally of 35,000 protesters against government budget cuts Sunday in Manchester where Prime Minister David Cameron's Conservatives opened their annual conference.The Trades Union Congress billed the demonstration as a rally for "the alternative -- jobs, growth, justice"."The TUC is ...

Funds rebuild stocks in September

LONDON (Reuters) - Investors are entering the fourth quarter with a slightly raised exposure to shares and holding high reserves of cash that could quickly be used to fuel a stock rally, Reuters polls showed on Thursday.Surveys of 59 leading investment houses ...

Cameron in Canada for security, economic talks

Prime Minister David Cameron arrived in Ottawa on Thursday for economic and security talks with his Canadian counterpart, Stephen Harper, and to address a joint session of parliament.The two leaders are also to participate in a wreath-laying ceremony at Canada's National War ...